The Additional Output Obtained by Adding Another Unit of Labor

question 84

Multiple Choice

The additional output obtained by adding another unit of labor to the production process is called

• A)the marginal cost of labor
• B)the average output of labor
• C)a variable cost
• D)the marginal product of labor
• E)the marginal utility of labor

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Definitions:

Fixed-Interval

In the context of psychology, a schedule of reinforcement where rewards are given after a specific, constant amount of time has passed.

Stimulus Generalization

The tendency for a conditioned response to be triggered by stimuli similar to the original conditioning stimulus.

Look-Alike Packaging

Packaging designed to mimic the appearance of a popular brand's product, often to confuse consumers or to leverage the brand's identity.

Masked Branding

Masked branding is a strategy where a company's products are marketed without clear association with the parent brand, often to appeal to a different market segment or to test new markets.